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A Guide to Equity Index Construction (2nd edition)
£99.00
Daniel Broby returns with a fully updated second edition of his 2007 book, A Guide to Equity Index Construction. Combining years of practical fund-management experience as a CEO, CIO and chief portfolio manager with his abundant academic knowledge, Broby provides the definitive reference book in the field of equity index construction and financial benchmarking.
This new edition is a must-read for anyone working with investment funds, from fund managers to analysts. Readers will be equipped to construct an optimal equity index– and crucially – understand the nature of an underlying return series.
Availability:
In stock
ISBN
9781782724513
Daniel Broby returns with a fully updated second edition of his 2007 book, A Guide to Equity Index Construction. Combining years of practical fund-management experience as a CEO, CIO and chief portfolio manager with his abundant academic knowledge, Broby provides the definitive reference book in the field of equity index construction and financial benchmarking.
This new edition is a must-read for anyone working with investment funds, from fund managers to analysts. Readers will be equipped to construct an optimal equity index– and crucially – understand the nature of an underlying return series.
Broby’s comprehensive guide tackles two critical challenges in benchmarking: selecting the right stocks for inclusion and determining their optimal weights.
After discussing the history behind indices, and concepts such as “quadratic optimization,” the author offers practical insights into the fundamentals of benchmarking, modern portfolio theory, sampling and asset selection. The book also covers the intricacies of making an index investable, handling data, and managing industry, country, and currency exposures.
By the end of Broby’s book, readers will have a holistic understanding of benchmarking practices and the confidence to construct and maintain indices that meet the demands of modern financial markets. Whether you’re a student or a practitioner, this is your essential resource for mastering the science of index construction.
| ISBN | 9781782724513 |
|---|---|
| Navision code | MGEI2 |
| Publication date | 29/11/2024 |
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Dr. Daniel Broby
Professor Daniel Broby is an internationally recognised finance academic and formerly a senior figure in the fund management industry. He is a Professor of Financial Technology at the Asian Institute of Management, and formerly Chair of Financial Technology at Ulster University. In addition to being a thought leader and influencer, Professor Broby conducts research into capital markets and digital technologies. He is a recognised expert on the financial applications of blockchain and distributed ledgers. Professor Broby has held several executive-level positions in the fund management industry, including chief executive officer, chief investment officer and chief portfolio manager. He has written numerous books and peer-reviewed papers. His books include A Guide to Fund Management, The Changing Face of European Fund Management, The Future of the UK Fund Management Industry and A Guide to Equity Index Construction. Professor Broby has held numerous board positions in regulated companies, including a leading asset manager and several collective investment vehicles. He has also had board experience as a non-executive director at a large pension administrator and as an independent director at the family office of an ultra-high-net-worth individual. He has served on the boards of several financial-sector professional bodies and was awarded the CFA Institute Society Leader Award in recognition of this. Professor Broby has a PhD in accounting and finance, an economics MPhil, and an investment analysis MSc. He was elected an individual member of the London Stock Exchange in 1990, is a Chartered Fellow of the Chartered Institute for Securities & Investment (CISI), a Fellow of CFA (UK) and a Senior Fellow of the Higher Education Academy (HEA).
- Introduction
- Which benchmark?
- Modern portfolio theory and the benchmark index
- Sampling and selection
- Construction method
- Making the index investable
- Collection and processing of data
- Servicing and maintenance
- How to handle industries
- How to handle countries and currencies
- Factor indices and smart beta
- Innovative indices
- The commercial indices
- Indexation and exchange-traded funds
- Bespoke “custom-made” indices
- Tying it all together